SEMYOME | Semiahmoo First Nation
The Semiahmoo First Nation is a Coast Salish Indigenous community located in southwestern British Columbia, with historical ties to the Strait of Georgia region.
Overview
Last Updated 2026-03-27 03:21:17 UTCBand Council
Administrative Contacts
Financial Overview
SEMIAHMOO FIRST NATION FINANCIAL SUMMARY
Fiscal Year 2019-2020 (Ending March 31, 2020)
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DISCLAIMER: This financial summary was generated using artificial intelligence
based on publicly available audited financial statements and has been reviewed
by a human analyst. While care has been taken to ensure accuracy, users should
verify critical information against the original audited financial statements
prepared by MNP LLP.
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EXECUTIVE SUMMARY
Semiahmoo First Nation recorded total revenue of $13,803,465, an increase of
361.5% from the prior year, driven primarily by income from investment in First
Nation business entity which reached $1,618,330, up 126.6% from 2019. The
Nation achieved an annual surplus of $10,021,431, up 5,795.0% from the previous
year's $170,004. Accumulated surplus grew to $18,559,100, representing a
117.2% increase. Cash resources increased $1,351,040 to reach $1,664,725, while
net financial assets rose 16.0% to $6,734,076. Long-term debt increased
$164,784 to $477,364. Operating margin reached 72.6%, reflecting revenue
diversification achievements.
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FINANCIAL POSITION
Total Assets: $18,515,376
Financial Assets: $13,690,352 (includes Cash: $1,664,725)
Tangible Capital Assets: $11,793,496
Property Under Development: (included in tangible capital assets)
Total Liabilities: $6,956,276
Long-term Debt: $477,364
Accounts Payable: $1,630,002
Deferred Revenue: $4,848,910
Net Financial Assets: $6,734,076 (up 16.0% from prior year)
Accumulated Surplus: $18,559,100 (up 117.2% from prior year)
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REVENUE & OPERATIONS
Total Revenue: $13,803,465 (up 361.5% from prior year)
Major Revenue Sources:
Indigenous Services Canada: $9,691,211 (70.2%)
Income from Investment in First Nation Business Entity: $1,618,330 (11.7%)
Other Revenue: $1,127,044 (8.2%)
Province of British Columbia: $881,580 (6.4%)
BC First Nation Gaming Revenue Sharing LP: $255,528 (1.9%)
First Nations Health Authority: $149,334 (1.1%)
Interest and Investment Income: $80,438 (0.6%)
Total Expenditures: $3,782,034 (up 33.7% from prior year)
Major Program Expenditures:
Administration: $1,353,170 (35.8%)
Capital: $823,378 (21.8%)
Lands and Resources: $520,611 (13.8%)
Operations and Maintenance: $376,971 (10.0%)
Community Programs: $221,550 (5.9%)
Annual Surplus: $10,021,431 (up 5,795.0% from prior year)
Operating Margin: 72.6%
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KEY FINANCIAL METRICS
Financial Assets to Liabilities Ratio: 1.97:1
Debt-to-Assets Ratio: 2.6%
Self-Generated Revenue: 21.1% of total
Cash Reserves: 5.3 months of operating expenses
Business Entity Profits: $1,618,330 from 1 partnership
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CHIEF & COUNCIL REMUNERATION
Name Position Remuneration Expenses Total
Harley Chappel Chief $85,401 $16,245 $101,646
Joanne Charles Band Manager $114,384 $0 $114,384
Joanne Charles Councillor $50,000 $13,800 $63,800
Joanne Charles Director $29,999 $0 $29,999
Jennine Cook Councillor $52,079 $6,736 $58,815
Total Governance Compensation: $368,644 (2.7% of total revenue)
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Source: Audited consolidated financial statements, MNP LLP, December 4, 2024
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Band Council Remuneration
Band Owned Corporations
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Active Court Cases
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Location Map
Reserves
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ISC Code: 8047
SEMIAHMOO
129.1 Hectares
NEW WESTMINSTER DIST. SECS 1&2, TP.1,W.C.M., ON SEMIAHMOO BAY, AT THE INTL. BOUNDRAY, 1 MILE S.E. OF WHITE ROCK
[49.0253085, -122.802962]
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